...Feng Wei; Yang Jiao Purpose The paper introduces the concept of the “imitation trap” to describe a state where economies remain reliant on technological imitation and fail to transition to growth driven by independent innovation. It aims to develop an endogenous economic growth model applicable...

... engine of economic growth. Design/methodology/approach These two leaps forward resulted in transitions of economic structure in China. In the author’s view, structural transformations are closely related to China's economic reforms and can be divided into clear phases. Findings The structural...

...Kai Liu Purpose What is the relation between the land system with Chinese characteristics and the country's high-speed economic growth in the past decades? There is a lack of rigorous academic research based on the general equilibrium theory of macroeconomics on this issue. Design/methodology...

...Shiyi Chen; Wang Li Purpose With China’s economic growth slowing down and the growth rate of fiscal revenue decreasing, the pressure on local government debts is further increasing. Under this background, it is of great significance to clarify the relation between local government debts...

...Xinhua Jian; Jiang Yu Purpose The purpose of this paper is to review the four large and two small fluctuations in China’s economic growth since the reform and opening up, which can be further divided into five periods of economic upturn and six periods of economic downturn. Design/methodology...